Biosolvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Alcohols, Diols & Glycols, Esters, Others), By Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives & Sealants, Printing Inks, Others), and By Region
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBiosolvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Alcohols, Diols & Glycols, Esters, Others), By Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives & Sealants, Printing Inks, Others), and By Region
The global biosolvents market is anticipated to witness significant CAGR in the forecast period, 2023-2027. The rise in the environmental regulations imposed by the leading authorities of several countries, especially in Europe and North America region and the enhanced supply and availability of bio solvents in the market are the primary drivers for the growth of global biosolvents market. Also, the rise in the research and development activities to find novel solutions and the fluctuations in the oil prices can create numerous growth opportunities for the global biosolvents market in the next five years.
Favorable Government Policies Drives the Market Growth
Farm Security and Rural Investment Act of the Public Law 107-171 and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH)
Extensive Research and Development Activities Supports the Market Growth
The conventional solvents that are used in personal care products and other manufacturing processes can cause severe health problems such as irritation of the eye, skin, sore throat, hormone disruptions, asthma, and allergic contact dermatitis, among others. Also, the use of synthetic solvents in pharmaceutical applications can be toxic and carcinogenic. The launch of environment-friendly solvents due to the growing awareness about the negative effects of synthetic solvents is expected to influence the market growth in the coming years. Archer Daniels Midland Company acquired Florida Chemical Company (FCC), a division of Flotek Industries in November 2019 and Simialry, DuPont Tate & Lyle Bio Products, Corbion, INOLEX, and ACT Solutions are partnering together on the production of a range of personal care product formulations with 100% bio-based content. Market players are forming alliance and partnerships to support the growth of global biosolvents market. Market players are making significant amounts for research and development activities to manufacture cost-effective and quality biosolvents that are not harmful to the environment and are expected to fuel the global biosolvents market growth over the next five years, 2023-2027.
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Market Segmentation
Market Players
Archer Daniels Midland Company, BASF SE, Solvay SA, CREMER OLEO GmbH & Co. KG, Vertec Biosolvents Inc., Cargill, Inc., Stephan Company, Corbion NV, Dow Inc., GF Biochemicals Limited, are the key market players operating in the global biosolvents market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia |
| Key companies profiled | Archer Daniels Midland Company, BASF SE, Solvay SA, CREMER OLEO GmbH & Co. KG, Vertec Biosolvents Inc., Cargill, Inc., Stephan Company, Corbion NV, Dow Inc., GF Biochemicals Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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